Social gifts and entertainment and cases where payments may constituteĪn authentic and accepted method of compensation. The term "coarse"ĭistinguishes clearly harmful bribery from common practices involving Our analysis is limited to coarse bribery of public officials by Presents the Principles for adoption by firms. Part IV discusses a Sullivan-type principles approach and Part III considersīusinesspersons' possible explanations and justifications for Worldview that corruption is a problem that must be eradicated and its Part I of this article documents the costs of corruption on societyĪnd reviews empirical evidence on the importing and exporting ofĬorruption in international business. Their progress and efforts towards these ends. Procedures to prevent the payment of bribes and to publicly disclose These principles require firms to implement Of principles, which we have termed the Principles,(4) for To Sullivan-like anti-bribery principles.(3) We present a specific set This article describes one viable strategy for firms: a commitment Pay bribes while others continue to do so.
They may find themselves at a competitive disadvantage if they refuse to If they fail to take aggressive steps to ensure that they are not If these trends continue, firms will do their shareholders a disservice A confluence of factors has produced a changingĮnvironment in which corruption is now viewed as extremely problematic. Strongly against corrupt practices and demanding that something be doneĪbout bribery. At the same time, public opinion appears to be turning Norms, extortion, and inability or unwillingness to control rogueĮmployees. Of factors including competitive necessity, respect for local cultural Participation in some forms of corruption may be explained by a variety Offered for these seemingly inconsistent actions by private firms. Firms fromĬountries with minimal domestic corruption play a major role asīribe-payers in corrupt environments.(2) Many explanations may be Others, while simultaneously using bribes to obtain business. FirmsĮstablish procedures to assure that their employees are not bribed by Is universally condemned by the world's major faiths.(1)Ĭorruption is widely condemned yet widely practiced. It can drive conflict in and between nations and it destroys confidence inĭemocracy and the legitimacy of governments. deepens poverty it debases human rights it degrades theĮnvironment it derails development, including private sector development APA style: Fighting corruption: a principled approach.Fighting corruption: a principled approach." Retrieved from MLA style: "Fighting corruption: a principled approach." The Free Library.
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